FuelCell Energy Inc. (Danbury, CT) announced the closing of its public offering of 3.45 million shares of common stock at $70 per share. Net proceeds to the company were $241.5 million. FuelCell Energy intends to use the net proceeds from this offering to expand manufacturing equipment and facilities to support commercialization activities, and for general […]
Cosel USA Inc. (San Jose, CA) recently launched its ACE Series of modular power supplies. 450W and 650W units are now available....
Artesyn Technologies (Boca Raton, FL) has launched a compact, quad-output, ac/dc power supply that is suitable for use in low-power applications involving...
Galaxy Power Inc. recently introduced the new Pisces Series of 30A quarter-brick dc-dc converters. Galaxy claims that these converters deliver up to...
Shell Hydrogen US, a division of Shell Oil Products Co. (Shell, Netherlands), and International Fuel Cells (South Windsor, CT), a unit of United Technologies Corp. (Hartford, CT), announced the formation of HydrogenSource LLC (South Windsor, CT). The fifty-fifty joint venture plans to develop, manufacture and sell fuel processors and hydrogen generation systems for emerging fuel […]
Surge Components Inc. (Deer Park, NY) announced that Alan Plafker has joined its board of directors. Plafker has been appointed as a member of the board's audit and compensation committees. As a result of his appointment to the audit committee, Surge remains in full compliance with the audit-committee independent director composition requirements of the Nasdaq […]
Energy Ventures Inc. (EVI, Canada) and the Alberta Research Council Inc. (ARC, Canada) have entered into a joint-development agreement to create commercial prototypes utilizing EVI's direct methanol fuel cell technology. Under the agreement, EVI and ARC will utilize ARC's premises in Canada. In addition, ARC will invest up to $3.0 million in EVI through the […]
GE Digital Energy (Atlanta, GA) has signed a definitive agreement to acquire IMV (Switzerland). With this acquisition, GE Digital Energy will acquire IMV's uninterruptible power supplies and associated software platforms. GE Digital Energy believes that these products and services are complementary with its own offerings, and that the acquisition will accelerate its ability to provide […]
H Power Corp. (Clifton, NJ) announced the appointment of Dudley Wass to the position of COO. As COO, Wass will be primarily responsible for overseeing all day-to-day operations of the company as it moves toward commercialization of its PEM fuel cell systems. Wass joins H Power from Visteon Corp. (Dearborn, MI), where he served as […]
FuelCell Energy Inc. (Danbury, CT) and Marubeni Corp. (Japan) have entered into a comprehensive strategic alliance agreement that is targeted to generate at least 45MW in Direct FuelCell (DFC) power plant orders, while providing the necessary infrastructure for successfully launching the product in Japan and Asia. Initially, Marubeni will purchase these plants directly from FuelCell […]
Trimol Group Inc. (New York, NY) announced that it has opened its International Fuel Cell Research and Development Center in collaboration with Aluminum Power Inc. (Canada). The center is dedicated to the continued development of its aluminum-air fuel cell technology, which Trimol has licensed from Aluminum Power for use in portable consumer electronics. The new […]
C&D Technologies (Blue Bell, PA) announced that in its fiscal 2002 first quarter, ended April 30, 2001, net income increased 52 percent to $16,847,000, or $0.62 per share, from $11,053,000, or $0.41 per share, in the first quarter of fiscal 2001. Sales for the fiscal 2002 first quarter increased 13 percent to $155,383,000, from $138,011,000 […]
Artesyn Technologies (Boca Raton, FL) launched a new series of dual-output dc/dc converters that provide up to 60W from an industry-standard quarter-brick...
American Superconductor Corp. (Westborough, MA) announced the commercial release of its 125kW PowerModule (PM-125). The PM-125 is a modular power electronic switch that is designed to replace conventional power converters, inverters and related auxiliary components with a single, integrated electronic device. It is programmable for power switching, modulation and control in a wide array of […]
Chroma Systems Solutions (Irvine, CA) announced the availability of its new 61500 ac source series for worldwide-compliant and precompliance power standards testing....